Income needed to buy a home
Madison County, FL
$68,847
a year in household income to buy the typical Madison County home with 10% down.
The monthly math
Typical home value$210,250
Down payment (10%)$21,025
Loan$189,225
Principal and interest (7.40%)$1,310/mo
Property tax (0.64% a year)$112/mo
Homeowners insurance (estimate)$105/mo
Mortgage insurance$79/mo
Total monthly cost$1,606/mo
Income needed keeps housing at 28% of gross income, the lender rule of thumb.
What locals earn
A stretch
The typical household here earns $48,485 a year, 70% of what it takes.
In Florida
Madison County ranks #8 of 67 for the income a home takes, from least to most.
Easiest to afford in Florida
| County | Typical home | Income needed |
|---|---|---|
| Calhoun County | $176,870 | $57,601 |
| Jackson County | $184,878 | $59,549 |
| Holmes County | $188,335 | $60,346 |
| Taylor County | $197,629 | $64,750 |
| Gadsden County | $201,459 | $65,206 |
Typical home value from the Zillow Home Value Index, August 2026. Rate is the Freddie Mac 30-year average for Oct 8, 2026. Property tax rate is total taxes paid divided by total home value in the county (U.S. Census, ACS 2020-2024). How it works.